Darnell Charles 4

4 · LIGHTING SCIENCE GROUP CORP · Filed Feb 13, 2013

Form 4

Period: 2012-03-14

Director

Transactions

Award
Option
2012-03-14+1→ 1 total
From: 2012-03-14→ See Footnote
Exercise/Conversion
Option
2012-03-18−1→ 0 total
From: 2012-03-14→ See Footnote
Exercise/Conversion
Stock Options (Right to Buy)
2012-03-18+125,000→ 125,000 total
Exercise: $1.19Exp: 2022-03-14→ Common Stock (125,000 underlying)
Disposition to Issuer
Stock Options (Right to Buy)
2012-05-25−62,500→ 62,500 total
Exercise: $1.19→ Common Stock (62,500 underlying)

Footnotes (2)

[F1]On March 14, 2012, as compensation for the reporting person's service during 2012 as a member of the board of directors, the audit committee and the committee of independent directors of Lighting Science Group Corporation (the "Issuer"), the Issuer's board of directors granted the reporting person an option to elect to receive either: (i) 105,042 restricted shares of the Issuer's common stock or (ii) stock options to purchase 125,000 shares of the Issuer's common stock at an exercise price of $1.19 per share (the "Option"). The Option did not have a fixed expiration date and remained outstanding until the reporting person exercised the Option on March 18, 2012, electing to receive his compensation solely in the form of stock options. The stock options were to vest in equal quarterly installments on the first day of each calendar quarter of 2012, beginning January 1, 2012, so long as the reporting person remained a director of the Issuer on such vesting date.
[F2]On May 25, 2012, the reporting person resigned as a member of the board of directors, the audit committee and the committee of independent directors of the Issuer. As a result, stock options representing the right to purchase 62,500 shares of common stock, that were scheduled to vest in two equal installments on the first day of the third and fourth quarters of 2012, respectively, were forfeited by the reporting person pursuant to the terms of his stock option award agreement.

Documents

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